Do politically connected independent directors matter? Evidence from mandatory resignation events in China
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DOI: 10.1016/j.chieco.2018.05.011
Abstract: Abstract This paper investigates the contributions of politically connected independent directors to shareholder value by examining stock price reactions to their mandatory resignations. Employing an event study, we find that, if a private firm loses… read more here.
Keywords: stock price; mandatory resignation; politically connected; connected independent ... See more keywords